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SAIC Assets: promoting green and low-carbon development of the automotive industry supply chain

In response to the impact of global climate change, accelerating the green and low-carbon transition has become a widespread consensus and shared responsibility among automotive companies worldwide. Against this backdrop, Carbon Newture has entered into a collaboration with Shanghai Automotive Asset Management Co., Ltd. to promote low-carbon development within the supply chain, jointly exploring deeper cooperation in areas such as green and low-carbon emissions reduction in the industrial supply chain.

Automotive industry

Shanghai Automotive Asset Management Co., Ltd.

SAIC Motor's Green Transition

Amid the global challenge of climate warming, addressing climate change has become a shared responsibility for the community of human destiny. Currently, SAIC Motor has incorporated climate change and the national "carbon peaking and carbon neutrality goals" into its corporate governance and strategic framework. By building a comprehensive management system, actively identifying climate risks, and establishing a low-carbon production system, SAIC Motor continues to optimize its internal greenhouse gas and energy management, striving to be a pioneer in ecological civilization.

Shanghai Automotive Asset Management Co., Ltd. is part of SAIC Motor Corporation’s mobility services segment and is wholly owned by SAIC Motor Corporation Limited. After more than 20 years of development, the company has gradually formed three major business sectors: asset management, energy management, and environmental services. The company is positioned to provide customers with full value chain green and low-carbon solutions. Seizing the opportunities presented by the national carbon peaking and carbon neutrality goals, the company is guided by green, low-carbon, and circular economy principles. It focuses on service technologization, business platformization, and capital diversification as its development direction, leveraging its strengths in asset management to offer smart energy management and environmental protection solutions to intelligent manufacturing enterprises.

Exploring Joint Green and Low-Carbon in the Industrial Supply Chain

Shanghai Automotive Asset Management Co., Ltd., adhering to the core concept of low carbon, is committed to building a first-class development platform to support the construction of smart factories. Carbon Newture, as an Innovative Decarbonization Service Platform with AI & Blockchain, is collaborating with multiple partners to establish a low-carbon transition service ecosystem that helps clients from various industries achieve sustainable development. We have formally signed a Memorandum of Cooperation on Low-Carbon Development in the Supply Chain, aiming to create a win-win partnership while ensuring alignment with each party's development philosophies.

Shanghai Automotive Asset Management Co., Ltd. will adopt Carbon Newture's supply chain carbon management system to monitor the carbon emissions of both its own operations and upstream supply chain enterprises, ensuring the integration of the carbon data chain and driving collective carbon reduction efforts.

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